689
Florida Residents Flee State as Insurance Premiums Skyrocket up to 900%
(www.newsweek.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Oct 2023
689 points (97.5% liked)
News
35724 readers
4300 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Doesn't that require you to have tens of thousands of dollars for a down payment?
For a first time home owner mortgage you can put 0% down. You just also have to pay for "private mortgage insurance" until you have 20% equity in the house and that insurance is not cheap so the more you can put down the better.
In my case I think the PMI costs me almost $200 per month but I think it's based off the value of the home and mine was dirt cheap. I'm also lucky in that my dad is a carpenter and taught me how to do most of that stuff so I had the option of buying an absolute shitheap and making it livable on my own. I had also been working constant overtime for a year straight while living in my dads basement so I did have a bit of cash saved up, but most of that money went into repairs on the house I bought rather than the down payment. I also live in a very low COL area so my house was way cheaper than it is in most of the country.
So I'm definitely not saying "why doesn't everyone just buy a house?" Because I was just very lucky in a lot of respects. But buying a house is more feasable than most people think it is. You definitely don't need to put 20% down; doing that is only really expected if you're selling your current house to buy another or if you're buying a second house.